Sonic Automotive, Inc. operates as an automotive retailer in the United States. As of December 31, 2014, the company operated 118 franchises in 13 states (representing 25 different brands of cars and light trucks) and 19 collision repair centers. The company also operated 100 stores. The company’s franchised dealerships provide services, including sales of both new and used cars and light trucks; sales of replacement parts, performance of vehicle maintenance, manufacturer warranty repairs, paint and collision repair services; and the arrangement of extended warranties, service contracts, financing, insurance and other aftermarket products for its customers. In addition, during 2014, the company opened two stand-alone pre-owned specialty retail locations in Denver, Colorado under the EchoPark brand. Segments As of December 31, 2014, the company had two segments, Franchised Dealerships and EchoPark. The Franchised Dealerships segment includes retail automotive franchises that sell new and used vehicles, replacement parts and vehicle repair and maintenance services, and finance and insurance products. The EchoPark segment includes stand-alone pre-owned specialty retail locations that provide customers with a new way to search, buy, service, and sell their pre-owned vehicles. Business Strategy The company’s business strategy is to improve asset returns through process execution; invest in dealership properties; portfolio management; expand its ecommerce capabilities; execute its stand-alone pre-owned store initiative; customer experience initiative; and achieve high levels of customer satisfaction. History Sonic Automotive, Inc. was founded in 1997. The company was incorporated in Delaware in 1997.
sonic automotive inc-class a
(SAH:New York Consolidated)
4401 Colwick Road
Charlotte, NC 28211
|Advance Auto Parts Inc||$140.00 USD||+1.59|
|Asbury Automotive Group Inc||$49.90 USD||+0.80|
|Group 1 Automotive Inc||$49.18 USD||-2.84|
|Lithia Motors Inc||$79.27 USD||+1.48|
|Monro Muffler Brake Inc||$62.87 USD||+0.62|
|View Industry Companies|
Sponsored Financial Commentaries
To contact SONIC AUTOMOTIVE INC-CLASS A, please visit www.sonicautomotive.com. Company data is provided by Capital IQ. Please use this form to report any data issues.